The announcement by Mullen Automotive (NASDAQ: MULN) that its subsidiary, Bollinger Motors, will start production of the Bollinger B4 Chassis Cab on September 16, 2024, represents a pivotal moment for the electric vehicle (EV) industry, particularly in the commercial sector. This all-new Class 4 commercial EV truck is expected to begin deliveries and revenue recognition in October 2024, signaling a robust entry into the market for electric commercial vehicles.
Produced in partnership with Roush Industries at their Livonia, Michigan facility, the Bollinger B4 Chassis Cab is poised to meet the growing demand for sustainable transportation solutions among commercial fleets. Jim Connelly, Chief Revenue Officer of Bollinger Motors, highlighted the strong market momentum and interest from key customers across the country, underscoring the potential impact of this vehicle on the commercial EV landscape.
The timing of the B4's introduction aligns with the commercial vehicle sector's shift towards reducing carbon emissions and adhering to stricter environmental regulations. Mullen Automotive's strategic positioning, with two U.S.-based vehicle plants and a significant manufacturing capacity, enhances its ability to cater to this increasing demand. Furthermore, the IRS's approval of federal EV tax credits for Mullen's commercial vehicles up to $7,500 per vehicle under the Qualified Manufacturer designation in September 2023 adds a financial incentive for businesses to transition to electric fleets.
With the Mullen ONE and Mullen THREE already receiving CARB and EPA certifications, Mullen Automotive is demonstrating its commitment to expanding the availability of electric commercial vehicles in the U.S. The Bollinger B4 Chassis Cab's launch is not just a milestone for Mullen and Bollinger but also a critical step forward for the commercial EV sector, offering a viable solution for businesses aiming to reduce emissions and operational costs without compromising on performance or reliability.
As the production date nears, the industry will closely watch the market performance of the B4 and its potential to accelerate the adoption of electric vehicles in commercial fleets, contributing to a more sustainable transportation future.
